As of recent, we have heard much about the financial crisis in Greece outside of as well as inside class. The problems have been worsening, with Greek government taking drastic measurements including cutting spending and raising taxes. This has left many Greeks in horrible positions, unsure of what to do next.
Panagiotis Tsiriotakis imports olive oil into Canada from his family's farm in Crete. His business is hurt by current strikes in Greece. Source: Tsiriotakis Family
Closer to home, many Greek-Canadians are becoming affected by Greece’s economic woes. Greek-Canadian John Nikolouzos helps run the Greek Food Market in Toronto. Nikolouzos stated that many Greek customers, who are a main part of the store’s demographic, see the shocking news on television and are spending less as a result. Vacation packages to Greece have also suffered. With smart economic moves and a new prime minister, Greece hopes to get back on track, although it will be a difficult and long rejuvenation. The European economic crisis has put many in great peril across the world, not just in the respective countries. Kyriakos Katsanikakis, Greek-Canadian restaurant owner and Vancouverite, noted that it doesn’t matter where you are, “In a globalized economy, we are all connected and affected by it”.